Jon Stenberg Buys 10,000 Shares of Citizens (NYSE:CIA) Stock

Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $4.82 per share, with a total value of $48,200.00. Following the acquisition, the chief executive officer directly owned 327,574 shares of the company’s stock, valued at $1,578,906.68. The trade was a 3.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jon Stenberg also recently made the following trade(s):

• On Tuesday, March 17th, Jon Stenberg bought 10,000 shares of Citizens stock. The shares were bought at an average price of $4.81 per share, for a total transaction of $48,100.00.

Citizens Price Performance

Shares of Citizens stock traded up $0.22 during trading on Tuesday, hitting $5.16. 90,083 shares of the company were exchanged, compared to its average volume of 102,591. The firm has a market capitalization of $259.55 million, a P/E ratio of 14.74 and a beta of 0.50. The firm’s fifty day moving average price is $5.16 and its 200 day moving average price is $5.37. Citizens, Inc. has a 1-year low of $3.24 and a 1-year high of $6.40.

Citizens (NYSE:CIA) last announced its quarterly earnings results on Thursday, March 12th. The insurance provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Citizens had a net margin of 7.12% and a return on equity of 7.21%. The business had revenue of $70.19 million for the quarter, compared to the consensus estimate of $67.89 million. As a group, equities research analysts anticipate that Citizens, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

CIA has been the topic of several analyst reports. Wall Street Zen lowered shares of Citizens from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Weiss Ratings upgraded shares of Citizens from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Hedge Funds Weigh In On Citizens

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Continental General Insurance Co. boosted its holdings in shares of Citizens by 274.2% during the third quarter. Continental General Insurance Co. now owns 1,614,275 shares of the insurance provider’s stock worth $8,475,000 after acquiring an additional 1,182,902 shares during the period. Geode Capital Management LLC raised its position in shares of Citizens by 118.0% in the second quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider’s stock valued at $3,603,000 after buying an additional 558,840 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Citizens by 142.8% during the first quarter. Goldman Sachs Group Inc. now owns 199,809 shares of the insurance provider’s stock valued at $909,000 after purchasing an additional 117,502 shares in the last quarter. Jane Street Group LLC raised its position in Citizens by 133.6% during the first quarter. Jane Street Group LLC now owns 169,308 shares of the insurance provider’s stock valued at $770,000 after purchasing an additional 96,836 shares in the last quarter. Finally, Barclays PLC raised its position in Citizens by 38.5% during the third quarter. Barclays PLC now owns 202,219 shares of the insurance provider’s stock valued at $1,062,000 after purchasing an additional 56,188 shares in the last quarter. Institutional investors own 13.73% of the company’s stock.

Citizens Company Profile

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.